XL runs in nice orderly candles (for the last 3 months). If you look at the chart, even when there are big candles, there aren't big gaps. So, keeping with that theory, if we're in a normal bull cycle on XL we might open at 4.85 go to $5.25 and then back down to $4.65 to fill the gap (before going back up). This time though, I think we're going to gap, go higher, and never look back.
I say open at $6.10 and jump to $8 within an hour of trading.
Anything short of that, and I will be disappointed.
(how's that for some hype)
No, but seriously, the RSI just broke 50 for the first time in half a year, and none of the indicators are anywhere near overbought. I think we're headed to $7 within a week's time.
Look at the gaps on Oct 13-15. There were entire dollars missed. I think we're due for a week like that. $10 isn't out of the realm of possibility by options expiration. That would be some max pain for some people, wouldn't it.
Fletch: I'm afraid I'm gonna have to pull rank on you. I didn't want to have to do this. I'm with the Mattress Police. There are no tags on these mattresses.
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